Hello traders! I hope you had an excellent weekend and learnt as much as you could from the week priors pa.
Todays PA is clearly bullish on the 1hr and the 4hr, so longs will be targeted.
The daily is still in a sell range and we have moved up within the possible mitigation of the recent PA however we aren't over the premium of the move.
To the left we can see the circled PA in yellow, which will need to be filled at some point, this fits with a long bias into the shorting area.
Although we have both a 1hr and 4hr buying range I will remain Neutral and trade the PA as I see it at the time, this could lead to shorting opportunities should they develop
Todays PA is clearly bullish on the 1hr and the 4hr, so longs will be targeted.
The daily is still in a sell range and we have moved up within the possible mitigation of the recent PA however we aren't over the premium of the move.
To the left we can see the circled PA in yellow, which will need to be filled at some point, this fits with a long bias into the shorting area.
Although we have both a 1hr and 4hr buying range I will remain Neutral and trade the PA as I see it at the time, this could lead to shorting opportunities should they develop